Granite Construction Company Awarded $93 Million Turnpike Project in Central Florida

WATSONVILLE, Calif., May 24 /PRNewswire-FirstCall/ -- Granite ConstructionIncorporated (NYSE: GVA) announced today that Granite Construction Company, awholly owned subsidiary, has been awarded a $93 million contract by theFlorida Department of Transportation’s Florida Turnpike Enterprise for thewidening of six miles of the Florida Turnpike (SR 91) in Central Florida.

The full scope of the project includes the widening of the turnpike fromfour lanes to eight lanes from Interstate 4 to Gotha Road. Also included isthe widening of the Turnpike Bridges over Interstate 4 and Apopka-VinelandRoad, as well as reconstruction of the Kirkman Road and Gotha Road bridges.

The project also includes the installation of six miles of decorativesound barrier, all lighting, signing and marking, construction of storm waterretention ponds, resurfacing existing pavement, landscaping and utilities.The project is scheduled to begin in July 2007 and estimated to be completedby spring 2010.

Granite Construction Incorporated is a member of the S&P 400 Index, theDomini 400 Social Index and is the parent company of Granite ConstructionCompany, one of the nation’s largest heavy civil contractors and constructionmaterials producers. Granite Construction Company serves both public andprivate sector clients through its offices nationwide. For the 4th straightyear, Granite was named to FORTUNE’S List of 100 Best Companies to Work For.To obtain more information about the company, please visit their website athttp://www.graniteconstruction.com.

SOURCE Granite Construction Incorporated